- ugiidriverLv 71 month ago
Much adieu has been made of the depletion of the "trust fund", but in fact no such fund has ever actually existed, instead, all Social Security payments are paid from general funds.
The government is no more likely to default on Social Security payments than on interest payments on US Treasury bonds.
The recent pandemic has demonstrated the government's willingness to meet obligations, even if it requires printing money and handing it out.
- Citizen AwesomeLv 61 month ago
Yes!!!!! Trumps decrease on taxes are on the taxes that pay into Social Security benefits & Medicare aka healthcare plans for those 62 with a disability and age 65 for the rest. This isnt a fund that can take a hit of people not paying into it. The ridding of tax benefits big business, yet nationwide means no support for the elderly, the children of deceased who receive social security benefits as survivors, and those with physical disabilities that prevent them from working. Yet, Trump has promising a health plan since 2016 and has repeated he would show it 6 months ago, 3 months ago, 3 werks ago and has yet to do so that would replace The Affordable Health Care Act that prevents insurers from refusing to provide coverage for those with preexisting health conditions. Yet, he has removal of this preexisting condition protection that was in the ACA at the Supreme Court now. In short, hundreds of millions of people will be screwed if he has his way. Which is why non wealthy Trump supporters(those earning less than 10 million a year) look absolutely foolish supporting this man.